Paramount Launching New Animated Division

The business deal that sees Paramount distributing the films of DreamWorks Animation is getting more complicated. That pact is set to expire on December 31, 2012, and while Paramount offered a one-year extension to DreamWorks Animation, Jeffrey Katzenberg declined and is looking for a different partner, and perhaps a sale.

But that’s OK, because Paramount is starting its own animation division, Paramount Animation, which will begin releasing one animated film per year beginning in 2014. This could be the beginning of a plan for a Rango sequel, but regardless, Paramount is getting into animation. The press release announcing the new arm is after the break. Read More »